Question
PQ2/5 Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the
PQ2/5 Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.)
Increase (Decrease) in 2020 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
December 31, 2020 | December 31, 2019 | Amount | Percent | ||||||||
Current Assets | $199,500 | $210,000 | $enter a dollar amount | enter your answer in percentages rounded to 2 decimal places % | |||||||
Plant Assets | 845,300 | 790,000 | enter a dollar amount | enter your answer in percentages rounded to 2 decimal places % | |||||||
Total assets | $1,044,800 | $1,000,000 | $enter a total of the two previous amounts | enter your answer in percentages rounded to 2 decimal places % |
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